Two days after it unveiled a six-point palliative to ameliorate the continued impact of the corona virus on the Nigerian economy and…
Business News Report
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Indications are that the federal government in line with the collapse of international market oil prices has approved a reduction in the…
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Afreximbank has said that registration for the 2020 Annual Meetings of the African Export-Import Bank (Afreximbank), which will be held in Sharm…
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At the close of trade, the local bourse posted a positive performance as the All-Share Index rose 109bps to 22,789.64 points due to buy interest in…
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Nigeria’s 9mobile said over the weekend that it added Kaduna to the list of cities that now enjoy superior quality service, thanks…
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Ecobank Transnational Incorporated, ETI, the Lomé-based parent company of the Ecobank Group, has appointed two new into its Board of Directors. Dr.…
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BusinessEconomyNews
Inflation inches up to 12.20% in February 2020, increase in VAT yet to be captured
Nigeria’s headline inflation has recorded another increase from the 12.13 percent recorded in January to 12.20 per cent in February 2020. According…
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FinanceNewsStock Market
Zenith, Union bank debunk merger speculation, NSE records negative performance… ASI Sheds 0.7%
UNION Bank of Nigeria Plc and Zenith Bank Plc at the floor of the Nigerian Stock Exchange debunked rumours that that the…
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EconomyFinanceNews
Ecobank Xpress Save and Xpress Loan is designed to stimulate micro savings in the economy” – Akinwuntan
The Managing Director, Ecobank Nigeria, Patrick Akinwuntan said the Ecobank Xpress Save and Xpress Loan is a digital product designed to stimulate…
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The Federal Government has suspended its plan to borrow $22.7 billion from foreign institutions, Minister of Finance, Budget and National Planning, Zainab…
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Crude oil prices settled below $30 a barrel as the coronavirus pandemic slowed economic growth and oil demand on Tuesday while Saudi…
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The World Bank on Tuesday said it had increased to $14 billion the amount of fast-track financing available to members to respond…
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Zenith Bank Plc, on Monday, March 16, 2020 held its 29th Annual General Meeting (AGM) in Abuja, Nigeria, during which the Bank’s…
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Crude prices settled at a four-year low with brent crude settling at $30 a barrel for below the 2020 Nigeria’s budget bench…
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EconomyFinanceNews
CBN reduced interest rate on intervention facility to 5%, creates coronavirus fund
The Central Bank of Nigeria (CBN) said that the interest rates on all applicable apex bank’s intervention facilities have been reduced from…